Core Viewpoint - *ST Baoshi (000595.SZ) announced a plan for the transfer of shares from its controlling shareholder Ning Guoyun to the State Power Investment Corporation, aimed at optimizing resource allocation and advancing the new energy system construction [1] Group 1 - The share transfer involves 206,896,551 A-shares, representing 18.17% of the total share capital of Baota Industrial [1] - The share transfer is still pending approval and has not yet completed all decision-making procedures or signed relevant agreements [1] - If approved, the direct controlling shareholder will change from Ning Guoyun to the State Power Investment Corporation, but the actual controller will remain the Ningxia Hui Autonomous Region People's Government [1]

Core Viewpoint - Company *ST Baoshi (000595.SZ) announced plans for significant investments in multiple energy storage projects through its subsidiaries, indicating a strategic focus on expanding its renewable energy capabilities [1] Group 1: Investment Projects - The subsidiary Ningguo Yunzhongwei New Energy Co., Ltd. plans to invest in the Ningguo Yunzhongwei New Energy Co., Ltd. Ying Shui Qiao 80MW/160MWh energy storage project with a total investment of approximately RMB 145.23 million [1] - The subsidiary Ningguo Yun New Energy (Lingwu) Co., Ltd. intends to invest in the Lingwu Majia Tan 240MW/480MWh energy storage project with a total investment of approximately RMB 372.98 million [1] - The subsidiary Ningguo Yun New Energy (Yanchi) Co., Ltd. is set to invest in the Yanchi Gao Sha Wo 320MW/640MWh energy storage project with a total investment of approximately RMB 492.33 million [1]

Core Viewpoint - The announcement by Qidi Pharmaceutical indicates a significant change in its shareholding structure, with Hunan Sailuxian acquiring a substantial stake, leading to a shift in control of the company [1][2]. Group 1: Shareholding Changes - Qidi Pharmaceutical announced that Hunan Sailuxian will acquire 58.607 million shares from Qidi Technology Service Co., resulting in a decrease of Qidi Technology's holdings from 63.151 million shares to 4.544 million shares, reducing its ownership percentage from 26.37% to 1.90% [1][3]. - Following this transaction, Hunan Sailuxian will hold 24.47% of Qidi Pharmaceutical's shares, making it the largest shareholder, surpassing Qidi Technology Service [2][5]. Group 2: Financial Details - The shares were sold at an average price of 17.19 yuan per share, totaling approximately 1.007 billion yuan for the transaction [5]. - As of August 8, Qidi Pharmaceutical's market capitalization was approximately 2.85 billion yuan, with a closing price of 11.90 yuan per share [6]. Group 3: Company Background - Qidi Pharmaceutical, established in 1956, is recognized as Hunan Province's first pharmaceutical listed company and has notable brands such as "Guhan" [5].

Core Insights - The article highlights significant declines in the prices of certain Chinese offshore bonds, particularly those issued by Sunac China Holdings, which saw a daily drop of 36.52% for its USD bond [2][4] Group 1: Bond Performance - The largest decline in the day was observed in the bond SUNSHI 7.5% 4/15/24 issued by Sunac China Holdings, which fell to a price of 0.18 [2] - Other notable bonds include SUNSHI 10.25% 9/15/22, which decreased to 0.19, and JOYY 1.375% 6/15/26, which is priced at 69.63 [4] - The bond prices of several other companies, such as China Aoyuan Group and Shimao Group, also reflect varying levels of performance, with Shimao's bonds priced at 4.24 [4] Group 2: Market Context - The data is sourced from the China Economic Society's enterprise foreign debt risk monitoring system, indicating a broader trend in the offshore bond market [2][4] - The report is updated as of 2025, suggesting ongoing monitoring of these financial instruments [2][4]

FF301 第 1 頁 共 10 頁 v 1.1.1 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 天譽置業(控股)有限公司 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00059 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 90,000,000,000 | HKD | 0.003333333333 | HKD | | 300,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 90,000,000,000 | HKD | 0.003333333333 ...

格隆汇7月29日丨*ST宝实(000595.SZ)公布，公司董事会于2025年7月28日收到杜志学先生、包小俊先 生、哈晓天先生的书面辞职报告。杜志学先生因工作原因申请辞去公司第十届董事会董事、董事长及战 略委员会、提名委员会召集人职务；包小俊先生、哈晓天先生因工作原因申请辞去第十届董事会董事职 务。辞去上述职务后，杜志学先生、包小俊先生、哈晓天先生将不再担任公司任何职务。 公司于2025年7月28日召开第十届董事会第二十二次会议，审议通过了《关于选举公司董事长的议 案》，董事会同意选举董事张怀畅先生担任公司第十届董事会董事长，任期自本次董事会审议通过之日 起至公司第十届董事会任期届满之日止。 ...

格隆汇7月29日丨*ST宝实(000595.SZ)公布，因公司重大资产置换及支付现金购买资产暨关联交易事项 (以下简称"本次重组")已经公司股东会审议通过并已完成置入资产交割。通过本次重组，公司实现由轴 承业务到新能源发电业务的产业转型。为进一步加强公司品牌知名度与市场影响力，进而更好地推动公 司在资本市场的持续、稳健和高质量发展，拟对公司名称、经营范围进行变更。其中，公司名称拟变更 为宁夏国运新能源股份有限公司。 ...

Core Viewpoint - Tianyu Properties (00059.HK) has postponed its liquidation petition hearing, which is now scheduled for October 9, 2025, in the Bermuda Supreme Court Commercial Court [1] Company Summary - The hearing for the liquidation petition of Tianyu Properties has been delayed, indicating ongoing legal proceedings and potential implications for the company's financial status [1]

Core Viewpoint - Tianyu Properties (00059) has agreed to sell properties located in Nanchang City for a total consideration of RMB 16 million, which is seen as a unique opportunity given the current real estate market conditions in China [1][2]. Group 1: Transaction Details - The properties being sold include 75 residential units with a total area of 6,228.66 square meters and 11 commercial units with a total area of 1,283.55 square meters [1]. - The sale is divided into three batches: 1. Residential units 301-317 and 401-414 (first batch) 2. Residential units 415-417, 501-515, 601-615, and 701-703 (second batch) 3. Residential units 704-711 and commercial units 101-111 (third batch) [1]. Group 2: Market Context and Implications - The sale is considered a rare and unique opportunity due to the downturn in the Chinese real estate market and the proximity of the properties to an industrial park [2]. - The properties were completed in 2013 but have not been sold due to various internal and external factors, resulting in minimal rental income [2]. - The company is facing operational challenges and limited cash flow, and the sale is expected to improve its financial situation [2].

Group 1 - The company *ST Baoshi (000595) has seen a stock price increase of 3.97% this week, closing at 4.97 yuan, with a total market value of 5.659 billion yuan [1] - The company announced the termination of its asset purchase and fundraising plan on April 11, 2025, and plans to make significant adjustments to its original major asset restructuring proposal [1][4] - The company is actively promoting its production and sales efforts while working on major asset restructuring to improve asset quality and profitability [1][4] Group 2 - Baota Petrochemical is actively executing its restructuring plan, which may involve judicial auction of some shares to repay creditors, but this will not change the actual control of the company [2] - The company plans to transition from manufacturing to the renewable energy sector as part of its restructuring strategy [2][4] - The company aims to balance profit reinvestment and shareholder returns while adapting its strategies based on industry trends and operational conditions [2] Group 3 - The company provides bearing products for large machinery in the oil, metallurgy, and mining industries, facing challenges due to an unbalanced customer structure [3] - The company is committed to improving its governance structure and management system, focusing on quality control throughout the entire product lifecycle [3] - The company plans to shift towards high-value-added bearing products, such as oil and railway bearings, to enhance market share [3]